Jay-Z won’t be taking over as Beyonce’s manager. Rumours have been swirling recently that the relationship between the Daddy singer and her manager/father, Mathew Knowles, had been strained to the breaking point. The rift supposedly began last year, after very public revelations that Mathew had cheated on Beyonce’s mother Tina, and fathered a child with another woman.

Beyonce, once very much Daddy’s little girl, supposedly stopped speaking to her father after the incident and the relationship was allegedly never restored.

Talk had suggested that Beyonce’s hip-hop mogul husband, who recently formed a new management company, would be taking over her career.

A press release issued by Music World Entertainment, however, refutes the reports.
The release, found via Contact Music and posted on Music World’s official site, reads “Contrary to false rumors online, Beyonce and her manager Mathew Knowles unequivocally have had and continue to have a close personal and business relationship. Mathew Knowles is the sole and exclusive manager of Beyonce.”

Meanwhile, Kanye West recently announced via Twitter that he and Jay-Z are collaborating on a five-song album called Watch the Throne.

Two tracks by the duo, Power and Monster, have already debuted.

Kanye tweeted, “Me and jay bout to drop a 5 song album called “Watch the Throne”… and then later, “‘MONSTER’ ….. Happy GOOD Friday!!! The second song off of me and Jay album!”